Canadian Natural Resources Limited (TSE:CNQ)‘s stock had its “top pick” rating reiterated by analysts at Royal Bank Of Canada in a report released on Monday. They currently have a C$51.00 target price on the stock. Royal Bank Of Canada’s price target points to a potential upside of 20.11% from the stock’s current price.

A number of other brokerages have also commented on CNQ. FirstEnergy Capital raised Canadian Natural Resources Limited from an “outperform” rating to a “top pick” rating in a report on Thursday, July 7th. Barclays PLC increased their price objective on Canadian Natural Resources Limited from C$39.00 to C$44.00 in a report on Thursday, July 14th. Scotiabank reissued an “outperform” rating and set a C$44.00 price objective on shares of Canadian Natural Resources Limited in a report on Friday, August 5th. TD Securities reissued a “hold” rating and set a C$40.00 price objective on shares of Canadian Natural Resources Limited in a report on Friday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on Canadian Natural Resources Limited from C$44.00 to C$46.00 in a report on Monday, July 11th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Canadian Natural Resources Limited has a consensus rating of “Buy” and an average price target of C$43.20.

Analyst Recommendations for Canadian Natural Resources Limited (TSE:CNQ)

Shares of Canadian Natural Resources Limited (TSE:CNQ) opened at 42.46 on Monday. The company’s 50 day moving average price is $40.87 and its 200 day moving average price is $39.34. The firm’s market capitalization is $46.77 billion. Canadian Natural Resources Limited has a 52-week low of $21.27 and a 52-week high of $43.36.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Friday, September 16th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, September 14th.

Canadian Natural Resources Limited Company Profile

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids (NGLs). Its exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea and Cote d’Ivoire, Gabon, and South Africa in Offshore Africa.

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